• For example, an author receives a 100 HBD payouts per month. He will need to have a 200 to 300 USD equivalent in HIVE locked in order to do this.*

I like the idea, but I think it would result in a bad user experience, especially during the bull run. New users would be placed in a bad spot and it would look like they have to buy in, in order to sell their earnings.

But yeah, like where you're heading with this. We need to change how HBD is created and utilizing HP as a collateral would be a great start.